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Worth Reading

Oil and gas survive CA budget cuts unscathed. Schools and healthcare: scathed.

The House will vote on allowing regulators to ban incentive pay at banks.

A counterargument to Felix and Noam's views on inflation and housing. 

Former Dallas Fed President Bob McTeer: The Fed isn't creating inflation.

High-frequency trading for beginners.

China hasn't de-industrialized other developing countries.

--Zubin Jelveh